The Bay Phnom Penh Cambodia

The Bay Phnom Penh in Cambodia is a mixed-use development located on the Chroy Changvar peninsular. This $500 million project is backed by TEHO International, a Singaporean company. The project comprises a number of a residential towers, it includes a hotel component and retail and commercial activities. The Bay Phnom Penh will be the tallest development in Cambodia.

Bay Suites is a 53-storey residential development comprising of a total of 668 freehold apartments. One-bedroom units are ranging in size between 40 sqm – 47 qm. Prices from US$130,000 or 4.2 million baht.

The first phase of the project includes the Okura Prestige Phnom Penh, a 45-storey luxury hotel.

Construction is expected to start in Q3, 2015. Phase 1 is expected to be completed in 2019.

The developer is TEHO Development, a subsidiary of the Singaporean company TEHO International Inc Ltd. This is a joint venture with a local developer, Sok Bun Development. TEHO owns 49% of the development while Sok Bun owns 51%.

It is interesting that The Bay Phnom Penh will include a shopping mall. In Thailand, a neighbouring country, The Bay Pattaya is a shopping mall under construction.

Chroy Changvar peninsular is turning into a new satellite city in Phnom Penh. New bridges are being built and a high number of investments are pouring into the area.